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Wednesday, 25 February 2015

Call On The Bank For International Settlements To Release Data On Tax Havens

ONE
Big banks. Tax avoidance. 
If you've seen the news in recent weeks then you're probably feeling pretty angry. I know I am.
Corruption, illegal tax evasion and money laundering cost developing countries billions of dollars each year; money that could be used to finance schools, hospitals and other life-saving public services.
How can we fight back? Well, we first need to know how much money is hidden and where it is.
An institution that you've probably never heard of, the Bank for International Settlements, has produced data on money held in tax havens, which would be invaluable in the fight against corruption. But there's just one problem. They won't make it public.
Sign the petition and call on the Bank for International Settlements, and its chairman Christian Noyer, to release the data. One click will add your name.


Sign the petition now
The petition reads:

Dear Christian Noyer,
Corruption costs developing countries billions of dollars each year - money that could be used to fight poverty. Help us follow the money by publishing data on money held in offshore tax havens.

The numbers involved are staggering. The Africa Progress Panel found that the Democratic Republic of Congo lost over $1.3bn - the equivalent of almost twice its combined health and education budgets - between 2010 and 2012 as a result of just five dodgy deals in the mining sector. Those deals facilitated by firms incorporated in the British Virgin Islands, along with other companies based in Bermuda, Jersey, Gibraltar and the UK.

If the Bank for International Settlements releases its data on money held in tax havens it will help citizens and transparency campaigners follow the money, root out corruption and ensure that resources are used to fight extreme poverty rather than lost to dodgy deals.

Please sign the petition now and help get this data public. Just one click will add your name.

Thank you,

Dr. Sipho S. Moyo, ONE.org

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